Tribune Co.

BRIEFCASE

April 18, 1989

EARNINGS INCREASE. Tribune Co. Monday reported a 14 percent increase in profit and a 6 percent increase in revenue for the first quarter. The company, based in Chicago, earned $36.77 million on revenue of $552.93 million. That compared with profit of $32.21 million on revenue of $521.97 million a year earlier. The company cited improvements in its media businesses and a lower tax rate. Its stock closed at $47.375 a share Monday, up 87.5 cents. The company owns newspapers, including the Chicago Tribune and The Orlando Sentinel; the Chicago Cubs professional baseball team; and broadcast and other properties.